Starbucks to cut 6,700 jobs, close 300 stores

Starbucks the international corporation of coffee would cut more than 6,700 work and also would close hundreds of stores, because the low demand of coffee that have presented because the recession. The company has changed his plan of opening new stores, this situation would cost more than 500 million dollars to saving in 2009. Edward Jones, analyst Jack Russo said that this cuts will decline sales in Starbucks, but the analysts think that this is a transition year, Starbucks will find the way back.
From closing the 600 stores in the United States and 61 stores in Australia, the company said it earned 15 cents for each in its first quarter. Profits to $2.62 billion from $2.77 billion, while analysts had predicted revenue of $2.70 billion. The revenue drop stemmed from a 9 percent decline in the store sales at locations open at least a year.
The company said it plans to open only 140 new stores in United States in fiscal 2009, down from its previous target of 200. In other countries it will open 170, down from the 270 it had planned to open. The company also said it will not provide any sales or earnings guidance.

Nadal has now won three of the four Grand Slam titles

"Just remember you're a great champion and you're one of the best in history and for sure you're going to match Sampras"
nadal to federer

Nadal recovered from his marathon semi-final to ruin Federer's attempt to equal Pete Sampras's record of 14 Grand Slam titles. The world number one has now won six Grand Slam titles - including four at the French Open and one at Wimbledon.

After two days of the longest match ever in the Australian open history, that lasted five hours, Nadal played with the last world number one, federer who lost the match in five sets, after what's still a surprice, federer make a desperately nervous start, dropping serve immediately in a woeful game of three wild errors and a double fault.

The erros behan to flow from the federer backhand and a fucused nadal made him play, near to the tittle with some confident serving. two match points arived when federer, on serve and with the two nervous nadal erros, kept the contest alive.

The game was over after four hours 23 minutes, and Nadal , the first spaniard to win the australian tittle, accepted the trophy from Rod Laver and said: " roger, I know exactly how you feel".